FINANCE OPTIONS

^Growth Guarantee Scheme for Fashion and Apparel Businesses!

Q: Is the Growth Guarantee Scheme available to UK fashion and apparel businesses?

Yes, the Growth Guarantee Scheme is open to all eligible UK businesses, including those in the fashion and apparel sector.

Q: What is the annual turnover limit for fashion and apparel businesses applying for the Growth Guarantee Scheme?

Fashion and apparel businesses must have an annual turnover of no more than £45 million to be eligible.

Q: Can start-up fashion and apparel businesses apply for the Growth Guarantee Scheme?

Yes, start-up fashion and apparel businesses may be eligible, subject to the lender’s criteria and viability checks.

Q: What can fashion and apparel businesses use Growth Guarantee Scheme funds for?

Funds from the Growth Guarantee Scheme can be used for investment, growth, or cashflow management in the business.

The Growth Guarantee Scheme is a government-backed program in the UK that helps small fashion and apparel businesses get loans to invest and grow, with the government covering part of the loan to make borrowing easier. If you're ready to take your fashion business to the next level, this scheme can offer the financial support you need.

Business loans

Secure up to £500,000 in Business loans with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

What are the ^benefits of Growth Guarantee Scheme for Fashion and Apparel Businesses?

The Growth Guarantee Scheme for Fashion and Apparel Businesses is designed to support emerging and established companies within the fashion industry by providing financial backing and reducing risks associated with expansion. This initiative helps businesses invest in innovative designs, marketing strategies, and production capabilities, ultimately fostering sustainable growth and competitiveness in a dynamic market.

Financial support

Risk mitigation

Growth facilitation

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Growth Guarantee Scheme for Fashion and Apparel Businesses?

Credit Guarantee Schemes

Schemes where the government or agencies guarantee loans taken by fashion businesses, reducing lender risk.

Credit Guarantee Schemes

Credit guarantee schemes provide partial or full loan guarantees for fashion businesses, making banks more likely to lend by covering losses in case of default, thus improving financial access.

Export Guarantee Schemes

Schemes that guarantee payments or loans for export-oriented apparel businesses to encourage global trade.

Export Guarantee Schemes

Export guarantee schemes insure export transactions or loans against non-payment risks, encouraging apparel exporters to explore new markets and expand internationally.

Startup & MSME Guarantee Schemes

Guarantee schemes specifically aimed at startups and small businesses in the fashion sector, aiding access to finance.

Startup & MSME Guarantee Schemes

Startup & MSME guarantee schemes support new and small fashion businesses by guaranteeing part of their loans, helping them secure funding despite limited credit history or collateral.

What is the Growth Guarantee Scheme for Fashion and Apparel Businesses?

Government-Backed Guarantee for Loans

The Growth Guarantee Scheme offers a 70% government-backed guarantee to lenders, making it safer for banks and finance providers to lend money to fashion and apparel businesses.

Flexible Finance Products and Uses

Businesses can access a range of finance options such as term loans, overdrafts, asset finance, and invoice finance, which can be used for various needs like cash flow or investments in growth.

Supports Small and Medium Businesses

The scheme is open to UK trading businesses with a turnover up to £45 million, ensuring that fashion and apparel SMEs can more easily secure loans needed to scale up or maintain operations.